{"id":14677,"date":"2025-06-16T07:44:29","date_gmt":"2025-06-16T07:44:29","guid":{"rendered":"https:\/\/infundpros.com\/?p=14677"},"modified":"2025-06-16T07:44:30","modified_gmt":"2025-06-16T07:44:30","slug":"renault-shares-slide-as-chief-executive-luca-de-meo-quits-to-lead-kering","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=14677","title":{"rendered":"Renault shares slide as chief executive Luca de Meo quits to lead Kering"},"content":{"rendered":"<div>\n<p>Unlock the Editor\u2019s Digest for free<\/p>\n<p class=\"article__content-sign-up-topic-description o3-type-body-base\"><span>Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.<\/span><\/p>\n<p><iframe class=\"article__content-sign-up-iframe close\" scrolling=\"no\" id=\"signUpIframe\" data-prev-url=\"\/register\/in-article-sign-up?ft-content-uuid=fd135021-3ec4-4038-8351-12a22980065d\"><\/iframe><\/div>\n<div id=\"article-body\">\n<p>Luca de Meo is to step down as chief executive of Renault, as Kering hires the Italian to spearhead a turnaround of the struggling French luxury group, according to people briefed on the plan.\u00a0<\/p>\n<p>The departure sent shares in Renault tumbling 7 per cent lower in early trading on Monday, while Kering rose 5 per cent. <\/p>\n<p>The appointment of de Meo, 58, marks a big change at Kering, owner of the Gucci and Saint Laurent brands, where Fran\u00e7ois-Henri Pinault, a member of the family that controls the group, has been chair and chief executive for 20 years.<\/p>\n<p>Kering\u2019s poor performance in recent years has raised questions about its management and strategy. <\/p>\n<p>Pinault, 63, has decided to split the roles of chair and chief executive at Kering, the people with knowledge of the situation said. It was unclear whether Pinault would remain chair.<\/p>\n<p>Kering declined to comment.\u00a0De Meo\u2019s planned departure from Renault to lead Kering was first reported by French newspaper Le Figaro.<\/p>\n<p>Kering\u2019s shares have lost about 70 per cent of their value over the past three years, resulting in a market capitalisation of \u20ac21bn, as a turnaround at Gucci, the company\u2019s biggest source of revenues and profits, failed to materialise. <\/p>\n<p>A string of expensive acquisitions and real estate deals by Kering also unnerved investors, as did the appointment this year of controversial former Balenciaga designer Demna to be creative director of Gucci. <\/p>\n<p>In a statement on Sunday, Renault said de Meo will \u201cpursue new challenges outside the automotive sector\u201d but will remain in place at the company until July 15. De Meo could not immediately be reached for comment.\u00a0<\/p>\n<p>Since becoming Renault\u2019s chief executive in 2020, de Meo has significantly strengthened the French carmaker\u2019s product portfolio and cost structure, transforming it into one of the best-performing companies in the sector despite its limited size.\u00a0<\/p>\n<p>Its Europe-focused geographic footprint has also left it relatively unscathed from US President Donald Trump\u2019s sweeping tariffs, as well as increased competition from China, compared with larger rivals such as Stellantis and Volkswagen.\u00a0<\/p>\n<p>The car industry has witnessed several top leadership changes over the past year with Stellantis, Nissan and Volvo Cars appointing new chief executives while the sector wrestles with the transition to electric vehicles and the rise of Chinese rivals.<\/p>\n<p>Renault\u2019s board has begun the process of appointing a new chief executive, the company said.<\/p>\n<p>\u201cThe board of directors has expressed its confidence in the quality and experience of the management team to continue and accelerate Renault group\u2019s transformation strategy into this new phase,\u201d it added.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.ft.com\/content\/fd135021-3ec4-4038-8351-12a22980065d\" target=\"_blank\" rel=\"noopener\" rel=\"nofollow\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Unlock the Editor\u2019s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Luca de&#8230;<\/p>\n","protected":false},"author":1,"featured_media":14678,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":{"0":"post-14677","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Renault shares slide as chief executive Luca de Meo quits to lead Kering | inFundPros<\/title>\n<meta name=\"description\" content=\"Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Luca de Meo is to step down as\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/infundpros.com\/?p=14677\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Renault shares slide as chief executive Luca de Meo quits to lead Kering | inFundPros\" \/>\n<meta property=\"og:description\" content=\"Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Luca de Meo is to step down as\" \/>\n<meta property=\"og:url\" content=\"https:\/\/infundpros.com\/?p=14677\" \/>\n<meta property=\"og:site_name\" content=\"inFundPros\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-16T07:44:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-16T07:44:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/infundpros.com\/wp-content\/uploads\/2025\/06\/https3A2F2Fd1e00ek4ebabms.cloudfront.net2Fproduction2F9725a5cf-5456-4046-952e-0f0b66e6768b.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"394\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Press Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Press Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/infundpros.com\/?p=14677#article\",\"isPartOf\":{\"@id\":\"https:\/\/infundpros.com\/?p=14677\"},\"author\":{\"name\":\"Press Room\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff\"},\"headline\":\"Renault shares slide as chief executive Luca de Meo quits to lead Kering\",\"datePublished\":\"2025-06-16T07:44:29+00:00\",\"dateModified\":\"2025-06-16T07:44:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/infundpros.com\/?p=14677\"},\"wordCount\":465,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/infundpros.com\/#organization\"},\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/infundpros.com\/?p=14677#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/infundpros.com\/?p=14677\",\"url\":\"https:\/\/infundpros.com\/?p=14677\",\"name\":\"Renault shares slide as chief executive Luca de Meo quits to lead Kering | inFundPros\",\"isPartOf\":{\"@id\":\"https:\/\/infundpros.com\/#website\"},\"datePublished\":\"2025-06-16T07:44:29+00:00\",\"dateModified\":\"2025-06-16T07:44:30+00:00\",\"description\":\"Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Luca de Meo is to step down as\",\"breadcrumb\":{\"@id\":\"https:\/\/infundpros.com\/?p=14677#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/infundpros.com\/?p=14677\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/infundpros.com\/?p=14677#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/infundpros.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Renault shares slide as chief executive Luca de Meo quits to lead Kering\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/infundpros.com\/#website\",\"url\":\"https:\/\/infundpros.com\/\",\"name\":\"Fintech Advance\",\"description\":\"Latest Finance and Tech News and Updates\",\"publisher\":{\"@id\":\"https:\/\/infundpros.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/infundpros.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/infundpros.com\/#organization\",\"name\":\"Fintech Advance\",\"url\":\"https:\/\/infundpros.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"contentUrl\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"width\":409,\"height\":70,\"caption\":\"Fintech Advance\"},\"image\":{\"@id\":\"https:\/\/infundpros.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff\",\"name\":\"Press Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"contentUrl\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"caption\":\"Press Room\"},\"sameAs\":[\"https:\/\/infundpros.com\"],\"url\":\"https:\/\/infundpros.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Renault shares slide as chief executive Luca de Meo quits to lead Kering | inFundPros","description":"Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Luca de Meo is to step down as","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/infundpros.com\/?p=14677","og_locale":"en_US","og_type":"article","og_title":"Renault shares slide as chief executive Luca de Meo quits to lead Kering | inFundPros","og_description":"Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Luca de Meo is to step down as","og_url":"https:\/\/infundpros.com\/?p=14677","og_site_name":"inFundPros","article_published_time":"2025-06-16T07:44:29+00:00","article_modified_time":"2025-06-16T07:44:30+00:00","og_image":[{"width":700,"height":394,"url":"https:\/\/infundpros.com\/wp-content\/uploads\/2025\/06\/https3A2F2Fd1e00ek4ebabms.cloudfront.net2Fproduction2F9725a5cf-5456-4046-952e-0f0b66e6768b.jpg","type":"image\/jpeg"}],"author":"Press Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Press Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/infundpros.com\/?p=14677#article","isPartOf":{"@id":"https:\/\/infundpros.com\/?p=14677"},"author":{"name":"Press Room","@id":"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff"},"headline":"Renault shares slide as chief executive Luca de Meo quits to lead Kering","datePublished":"2025-06-16T07:44:29+00:00","dateModified":"2025-06-16T07:44:30+00:00","mainEntityOfPage":{"@id":"https:\/\/infundpros.com\/?p=14677"},"wordCount":465,"commentCount":0,"publisher":{"@id":"https:\/\/infundpros.com\/#organization"},"articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/infundpros.com\/?p=14677#respond"]}]},{"@type":"WebPage","@id":"https:\/\/infundpros.com\/?p=14677","url":"https:\/\/infundpros.com\/?p=14677","name":"Renault shares slide as chief executive Luca de Meo quits to lead Kering | inFundPros","isPartOf":{"@id":"https:\/\/infundpros.com\/#website"},"datePublished":"2025-06-16T07:44:29+00:00","dateModified":"2025-06-16T07:44:30+00:00","description":"Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Luca de Meo is to step down as","breadcrumb":{"@id":"https:\/\/infundpros.com\/?p=14677#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/infundpros.com\/?p=14677"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/infundpros.com\/?p=14677#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/infundpros.com\/"},{"@type":"ListItem","position":2,"name":"Renault shares slide as chief executive Luca de Meo quits to lead Kering"}]},{"@type":"WebSite","@id":"https:\/\/infundpros.com\/#website","url":"https:\/\/infundpros.com\/","name":"Fintech Advance","description":"Latest Finance and Tech News and Updates","publisher":{"@id":"https:\/\/infundpros.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/infundpros.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/infundpros.com\/#organization","name":"Fintech Advance","url":"https:\/\/infundpros.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/infundpros.com\/#\/schema\/logo\/image\/","url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","contentUrl":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","width":409,"height":70,"caption":"Fintech Advance"},"image":{"@id":"https:\/\/infundpros.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff","name":"Press Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/infundpros.com\/#\/schema\/person\/image\/","url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","contentUrl":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","caption":"Press Room"},"sameAs":["https:\/\/infundpros.com"],"url":"https:\/\/infundpros.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/14677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14677"}],"version-history":[{"count":1,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/14677\/revisions"}],"predecessor-version":[{"id":14679,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/14677\/revisions\/14679"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/media\/14678"}],"wp:attachment":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}